Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.98%

16/04/2018 13:15:00 Stock Market

Saudi Arabia stocks were higher after the close on Monday, as gains in the Building&Construction, Insurance and Financial Services sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.98% to hit a new 52-week high.

The best performers of the session on the Tadawul All Share were Salama Cooperative Insurance Co (SE:8050), which rose 6.70% or 1.68 points to trade at 26.75 at the close. Meanwhile, Al Alamiya Cooperative Insurance (SE:8280) added 6.66% or 1.81 points to end at 29.00 and City Cement Co (SE:3003) was up 5.96% or 0.72 points to 12.80 in late trade.

The worst performers of the session were Yanbu Cement Co. (SE:3060), which fell 2.83% or 0.87 points to trade at 29.85 at the close. Saudi Cement Company (SE:3030) declined 1.09% or 0.58 points to end at 52.70 and The National Shipping Co. (SE:4030) was down 1.04% or 0.34 points to 32.30.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 155 to 32 and 3 ended unchanged.

Shares in City Cement Co (SE:3003) rose to 52-week highs; rising 5.96% or 0.72 to 12.80.

Crude oil for May delivery was down 0.79% or 0.53 to $66.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 0.72% or 0.52 to hit $72.06 a barrel, while the June Gold Futures contract rose 0.12% or 1.60 to trade at $1349.50 a troy ounce.

EUR/SAR was up 0.47% to 4.6462, while USD/SAR rose 0.03% to 3.7509.

The US Dollar Index Futures was down 0.42% at 89.13.